Interparfums (IPAR) FY2014 results: revenue $499 million, down 11.4% on the year
Interparfums Inc. (IPAR) reported revenue of $499 million for fiscal 2014, the year ended 31 December 2014, down 11.4% on the year before. Net income was $29 million, down 24.9%, and diluted earnings per share $0.95. The figures are the company's own, from the 10-K it filed with the SEC on 11 March 2015.
Revenue
$499 million
-11.4% on the year
FY2009FY2014
Operating margin
10.7%
14.0% a year earlier
FY2009FY2014
Net income
$29 million
-24.9% on the year
FY2009FY2014
Diluted EPS
$0.95
-25.2% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
499
564
654
-11.4%
Cost of revenue
212
235
247
-9.6%
Gross profit
287
329
407
-12.7%
Gross margin
57.5%
58.3%
62.3%
Selling, general and administrative
234
250
326
-6.6%
Operating income
53.4
78.8
278
-32.2%
Operating margin
10.7%
14.0%
42.6%
Interest expense
1.5
1.4
1.7
+7.1%
Pre-tax income
56.7
80.6
275
-29.7%
Income tax
19.4
29.7
97.9
-34.7%
Effective tax rate
34.2%
36.8%
35.6%
Net income
29.4
39.2
131
-24.9%
Net margin
5.9%
7.0%
20.0%
Diluted EPS
$0.95
$1.27
$4.26
-25.2%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
36.6
49.2
60.6
-25.6%
Capital expenditure
3.3
5.0
9.5
-34.2%
Free cash flow
33.3
44.2
51.2
-24.6%
Free cash flow margin
6.7%
7.8%
7.8%
Cash from investing
n/a
n/a
206
Cash from financing
n/a
n/a
2.5
Depreciation and amortisation
3.3
4.9
8.6
-32.7%
Share-based compensation
0.9
0.8
0.8
+2.1%
Buybacks
0.1
0.1
0.1
-8.2%
Dividends paid
14.8
28.3
9.8
-47.6%
Dividend per share
$0.48
$0.96
$0.32
-50.0%
Diluted shares, weighted
31m
31m
31m
+0.3%
Shares outstanding at period end
31m
31m
31m
+0.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
382
407
381
-6.2%
Non-controlling interest
117
128
119
-9.0%
Debt
0.3
6.1
27.8
-95.1%
Other liabilities
105
123
232
-14.0%
Total liabilities and equity
605
664
760
-9.0%
Fixed assets
9.2
10.4
12.3
-12.0%
Goodwill
n/a
n/a
1.0
Intangible assets
98.5
116
113
-15.2%
Investments
190
182
n/a
+4.7%
Cash and equivalents
90.1
126
307
-28.3%
Receivables
90.1
79.9
149
+12.8%
Inventory
102
117
143
-12.8%
Other assets
24.0
32.8
34.3
-26.6%
Total assets
605
664
760
-9.0%
10-K for the year ended 31 December 2014, filed 11 March 2015: the filing.